Latest in Business

Image credit:

Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals

Amar Toor, @amartoo
January 26, 2012
Share
Tweet
Share

Sponsored Links

Microsoft and Nokia have historically been pretty tight-lipped about the value of their Windows Phone partnership, but the cat leapt out of the bag this morning, courtesy of Espoo's Q4 2011 earnings report. As SlashGear's Chris Davies noticed, Nokia received about $250 million from Redmond during the fourth quarter of 2011, as part of the companies' "broad strategic agreement." Under the agreement, the manufacturer receives so-called "platform support payments" from Microsoft -- which, in turn, receives software licensing payments from Nokia. The $250 million Microsoft doled out last quarter is the first of these transactions. All told, Nokia expects the payments both to and from Microsoft to total "in the billions of US Dollars."

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Sony's A1 is a $6,500 50MP camera that shoots 30fps bursts and 8K video

Sony's A1 is a $6,500 50MP camera that shoots 30fps bursts and 8K video

View
‘Babylon 5 Remastered’ now available to buy, or stream on HBO Max

‘Babylon 5 Remastered’ now available to buy, or stream on HBO Max

View
Chrome OS 88 turns your Chromebook into an impromptu smart display

Chrome OS 88 turns your Chromebook into an impromptu smart display

View
Microsoft's profits jump by 33 percent thanks to the cloud, PCs and Xbox

Microsoft's profits jump by 33 percent thanks to the cloud, PCs and Xbox

View
Tasker's Android phone automation connects with Google Assistant

Tasker's Android phone automation connects with Google Assistant

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr